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You have to pay taxes, also known as customs duty, for importing mobile phones, electronics, and other goods from a foreign country into India. These import taxes are payable at the port of entry (like the airport), the courier companies would often pay these on your behalf and will release the goods to you upon the full repayment of these additional ...
Wazzeer Professional Network
ProfessionalWe have imported goods from China. We wanted to make the payment to our supplier. How Is it to be done?
What are the compliance in China that an Indian importer should be aware of?
-
Wazzeer Professional Network
ProfessionalYou have to pay taxes, also known as customs duty, for importing mobile phones, electronics, and other goods from a foreign country into India. These import taxes are payable at the port of entry (like the airport), the courier companies would often pay these on your behalf and will release the goods to you upon the full repayment of these additional duties and taxes. Generally, if the supplier is an authorized dealer or importer he can pay the customs duty and collect it from the customer. If you are the importer then It is important to note that the calculation of import duty is done based on the assessed value of an imported product and not the invoice value. Let me explain. Say you have purchased a mobile phone from Amazon or eBay and have asked the seller to ship it to India. The value (price) of the mobile phone listed on the invoice is $500. The customs officer in India may, however, assess the product’s value as, say, $600 and in that case, you will have to pay the 18% customs duty on $600 (the assessed value) and not $500 (the invoice value). Import from any country has the same procedure and rates as it is imported.
I would be able to help you with all the related compliance -> "Get your Wazzeer"
almost 4 years ago
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We have imported goods from China. We wanted to make the payment to our supplier. How Is it to be done?
What are the compliance in China that an Indian importer should be aware of?
-
Wazzeer Professional Network
ProfessionalYou have to pay taxes, also known as customs duty, for importing mobile phones, electronics, and other goods from a foreign country into India. These import taxes are payable at the port of entry (like the airport), the courier companies would often pay these on your behalf and will release the goods to you upon the full repayment of these additional duties and taxes. Generally, if the supplier is an authorized dealer or importer he can pay the customs duty and collect it from the customer. If you are the importer then It is important to note that the calculation of import duty is done based on the assessed value of an imported product and not the invoice value. Let me explain. Say you have purchased a mobile phone from Amazon or eBay and have asked the seller to ship it to India. The value (price) of the mobile phone listed on the invoice is $500. The customs officer in India may, however, assess the product’s value as, say, $600 and in that case, you will have to pay the 18% customs duty on $600 (the assessed value) and not $500 (the invoice value). Import from any country has the same procedure and rates as it is imported.
I would be able to help you with all the related compliance -> "Get your Wazzeer"
almost 4 years ago
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